Restaurant Brands International Inc. (QSR)
Restaurant Brands International Inc. operates as a quick service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, wraps, flatbread pizzas, and others; Burger King, a quick service hamburger restaurant chain that offers flame-grilled hamburgers, chicken, and other sandwiches; Popeyes, a quick service chicken concept that offers a Louisiana style menu, including fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp, and regional items; and Firehouse Subs, which offers subs with meats and cheese, as well as chili, soups, soft drinks, and other sides. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Miami, Florida.
- Ticker
- QSR
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Market cap
- $35.06B
- 52-week range
- $65.43 - $81.96
Valuation
- Share price
- $77.69 (close of Nov 6, 2026)
- P/E (TTM)
- 17.98x
- Price to book
- 6.34x
- Price to free cash flow
- 22.19x
- Enterprise value
- $49.78B
- Book value per share
- $12.25
Price performance
| Period | Change |
|---|---|
| 1 day | -1.09% |
| 5 days | +7.29% |
| 1 month | +10.61% |
| 3 months | +6.54% |
| 6 months | +0.63% |
| Year to date | +13.86% |
| 1 year | +13.98% |
| 3 years | +15.94% |
| 5 years | +30.73% |
| 10 years | +75.06% |
| All time | +111.63% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 5.69%
- Shares short
- 17.05M
- Days to cover
- 5.74
- Change since prior report
- -7.05%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed QSR trades
John Boozman · Josh Gottheimer
Super investors holding QSR
Bill Ackman (Pershing Square Capital Mgmt) · Seth Klarman (Baupost Group) · Ken Griffin (Citadel) · Christopher Davis (Davis Selected Advisers) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 20.84%
- Return on invested capital
- 8.24%
- Return on assets
- 4.20%
- Return on capital employed
- 9.69%
- Gross margin
- 31.20%
- Net margin
- 11.39%
- EBITDA margin
- 26.53%
- Revenue growth
- 12.23%
- Net income growth
- -25.61%
- Free cash flow growth
- 11.29%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.51%
- Current ratio
- 0.96x
- Net debt to EBITDA
- 5.00x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Revenue
- $9.43B
- Cost of revenue
- $6.49B
- Gross profit
- $2.94B
- EBITDA
- $2.50B
- Net income
- $1.07B
- Earnings per share
- $2.36
- Interest expense
- $516.00M
- Shares outstanding
- 329.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $9.43B | $2.94B | $1.07B | $2.36 |
| 2024-12-31 | $8.41B | $3.15B | $1.45B | $3.21 |
| 2023-12-31 | $7.02B | $2.75B | $1.72B | $3.82 |
| 2022-12-31 | $6.50B | $2.53B | $1.48B | $3.28 |
| 2021-12-31 | $5.74B | $2.36B | $1.25B | $2.71 |
| 2020-12-31 | $4.97B | $1.83B | $750.00M | $1.61 |
| 2019-12-31 | $5.60B | $2.41B | $1.11B | $2.40 |
| 2018-12-31 | $5.36B | $3.13B | $1.14B | $2.46 |
| 2017-12-31 | $4.58B | $2.15B | $1.24B | $2.64 |
| 2016-12-31 | $4.15B | $1.99B | $956.00M | $1.48 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 31.20% | 11.39% | 20.84% | 8.24% |
| 2024-12-31 | 37.50% | 17.19% | 29.84% | 9.88% |
| 2023-12-31 | 39.23% | 24.47% | 36.32% | 10.66% |
| 2022-12-31 | 38.88% | 22.78% | 34.72% | 10.12% |
| 2021-12-31 | 41.17% | 21.83% | 32.52% | 9.61% |
| 2020-12-31 | 36.82% | 15.10% | 20.16% | 7.63% |
| 2019-12-31 | 43.07% | 19.83% | 26.09% | 9.45% |
| 2018-12-31 | 58.45% | 21.36% | 31.62% | 10.67% |
| 2017-12-31 | 47.01% | 26.99% | 27.08% | 10.57% |
| 2016-12-31 | 47.90% | 23.06% | 27.40% | 11.88% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $1.16B | $13.25B |
| 2024-12-31 | $1.33B | $13.46B |
| 2023-12-31 | $1.14B | $12.85B |
| 2022-12-31 | $1.18B | $12.84B |
| 2021-12-31 | $1.09B | $12.92B |
| 2020-12-31 | $1.56B | $12.40B |
| 2019-12-31 | $1.53B | $11.76B |
| 2018-12-31 | $913.00M | $11.82B |
| 2017-12-31 | $1.10B | $11.80B |
| 2016-12-31 | $1.48B | $8.41B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.45B | $151.00M |
| 2024-12-31 | $1.30B | $172.00M |
| 2023-12-31 | $1.20B | $194.00M |
| 2022-12-31 | $1.39B | $136.00M |
| 2021-12-31 | $1.62B | $102.00M |
| 2020-12-31 | $804.00M | $84.00M |
| 2019-12-31 | $1.41B | $74.00M |
| 2018-12-31 | $1.08B | $48.00M |
| 2017-12-31 | $1.35B | $48.00M |
| 2016-12-31 | $1.22B | $35.00M |
Dividend history
- Most recent payment
- Sep 18, 2026
- Paid in the last twelve months
- $2.57
| Payment date | Dividend per share |
|---|---|
| 2026-09-18 | $0.65 |
| 2026-06-23 | $0.65 |
| 2026-03-19 | $0.65 |
| 2025-12-23 | $0.62 |
| 2025-09-23 | $0.62 |
| 2025-06-24 | $0.62 |
| 2025-03-21 | $0.62 |
| 2024-12-20 | $0.58 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-29 | Sep 2026 | $1.08 |
| 2026-08-06 | Jun 2026 | $1.03 |
| 2026-05-06 | Mar 2026 | $0.82 |
| 2026-02-12 | Dec 2025 | $0.93 |
| 2025-10-30 | Sep 2025 | $1.00 |
| 2025-08-07 | Jun 2025 | $0.97 |
| 2025-05-08 | Mar 2025 | $0.78 |
| 2025-02-12 | Dec 2024 | $0.79 |
Filings and sources
- Company website
- rbi.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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